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Polyolefin Elastomer (POE)

Polyolefin Elastomer (POE) Prices Overview

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Polyolefin Elastomer (POE) Prices Overview

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Market Overview

Quarterly update on global Polyolefin Elastomers (POE) market

For the Quarter Ending December 2020

Asia

Majority demand of POEs was generated from the automobile sector. During the final quarter, automotive industry of the Asian countries like China, India and Korea improved significantly. The reason behind this rise was improved COVID 19 situation and festive push from October to December. China automobile industry improved steadily from Q3 and the sectoral growth remained firm in Q4 2020. This rise improved the demand of POEs that led to increase in their price. In the Indian market, Ex-depot price of butene-based POE increased from USD 2341.5 per tonne in October to USD 2367.8 per tonne in December. RenewSys India, POE encapsulant manufacturing company announced that they had increased their POE encapsulant manufacturing capacity from 1.65 GW to 3 GW during October 2020. This expansion is likely to ramp up the utilization of POE-based solar module component production capacity in the coming years.

North America

During the fourth quarter, US faced lower automobile sales compared to 2019, although the demand improved on Q-o-Q basis due to steady recovery from the COVID-19 situation. Several automobile giants like Ford, Volkswagen, Toyota etc. faced acute shortage of semiconductor chips for the auto parts, which forced them to cut their automotive production prompting lesser POE consumption. Many companies in the US expressed interest over investing on POE based encapsulants to improve the efficiency of solar panels amid rising environmental concerns.

Europe

New strain of COVID-19 during October in Europe, hit hard the European automobile sector. Sales of automobiles in Europe dropped by 7% on year-on-year basis, thereby affecting the demand of POEs across the region. The region is strongly investing in upgrading its POE-based solar encapsulant technologies with major companies coming up with latest advancements. Due to supply tightness price of POEs remained high due to high demand from automotive and elastomeric shoe soles.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Polyolefin Elastomer (POE) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Polyolefin Elastomer (POE) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polyolefin Elastomers (POE) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Polyolefin Elastomers (POE) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Polyolefin Elastomers (POE) market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Polyolefin Elastomers (POE) are analyzed and region-wise demand pattern is tracked.

About

Polyolefin Elastomers (POE) are the copolymers of ethylene and other higher alpha olefins e.g octene, butene etc. POEs are a new class of elastomers that are developed from the latest advancements in metallocene polymerisation catalyst. These are special polymers that can replace several industrial polymers like EPDM (Ethylene Propylene Diene Monomer), EPR (Ethylene Propylene Rubber), PVC (Polyvinyl Chloride), EVA (Ethylene Vinyl Acetate) etc. POEs are produced by using metallocene catalyst during polymerisation process. POE has many applications due to its elasticity, thermal stability, and UV resistance. Thermal stability of these compounds makes them suitable to make thermoplastics and thermosetting plastics. In addition, they are recyclable. They are majorly used in automotive industries to make interiors and exteriors. Furthermore, POEs are utilised to make wires or cables, adhesives, footwears, medical products, films, and foams etc.

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Polyolefin Elastomer (POE) Prices Overview